Mubasher: US business inventories declined 0.1% in November 2018 to $1.981 trillion on a seasonally adjusted basis, the US Commerce Department’s Census Bureau said on Thursday.

Meanwhile, analysts polled by The Wall Street Journal (WSJ) projected a 0.2% gain for November.

Year-on-year,  business inventories saw climbed 4.6% in November.

Factory inventories dipped 0.1% month-on-month in November, whereas wholesale inventories went up 0.3%.

The ratio of overall inventories to sales ratio in November was 1.35, unchanged from the same month of the prior year.

By 3:03 pm GMT, the US dollar index, a gauge of the greenback against a basket of six major peers, inched down 0.01% to 97.1150.